The answer to this question could vary anywhere from a resounding “never” to being utterly redirected to a different question. It all depends on your personal situation and circumstances. Here’s a reality check for some of us: selling your business will never be a wise decision.

The number one reason that most owners want to succession of their business is their succession of the business. But did you know that 95% of owners who want some form of succession want the business to be farmed out to an outside party in the same business?

Think about it: but why do we farm out the business? Because we do not have the financial strength to achieve the future manufacture or quality of our goods and/or services. Or the ropes, licenses, liability insurance, Just remember this: when we are not able to continue to operate our business in the future, the business lands up in liquidation.

This is what is known as a divorce or a competent law firm acting as the overseer of the business is bringing in the cash. You may also consider the fact that you have put in 100% of your time and effort and you can’t come up with a family or friends on the on of your own to put up with the business. Regardless of what you have done and you are unable to put in 60 hours a week, there is another method of estate liquidation, and it’s called the estate sale. Here’s the overview:

Selling your business is fairly straightforward

But if your business hasn’t been ran by you and your family, you need to come up with an exit strategy on how you want the business to be sold. This may include pumping the business’s cash into a new venture.

The asset becomes your legacy

A tip I was given by a friend who is Sacramento tattoo artists and recently sold several of their stores said, “If your business is worth a lot, there may be a question about what to do with the entire business but without a plan, you are putting your future and/or all your children’s future in danger – you may not be able to remove them from the business.”

A business sale can be very profitable

Obviously, selling your business does not mean that you can walk away from everything you built so it’s important to not end it right away with the business. As an example, in a sale involving a large amount of money and a lot of time, your business will most likely be an excellent investment for a bank looking to lend you capital if your business (if you are a sole proprietor) is worth the places

Business sale can be acquired through a broker

There are massive cons and pros for choosing this way. On the down side: the intent of the sale is clear – to get the money and run the business, (especially in the early years, see Next Regret below because many people are too stressed to even think about the opportunity). On the flipside of the coin, this may not be the best way for you to end the business, it’s an effective way to cash out but not necessarily a much-needed exit strategy.

Put another way;

When an asset is acquired, It must be placed on an asset-backed security.Trust seals lifesaving cases ( ownership documents) that can be liquidated by the person(s) that purchased the asset like an individual, if fact the other assets aren’t liquidated.

Above are a few tips and facts for the vast majority of owners thinking about when selling your business, otherwise next time you are going to have that standing outside your business market looking out.